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UAE investment firm Mubadala plans launch to USD 400 mln European technology fund with Softbank

2018-06-14 10:37:00| Telecompaper Headlines

(Telecompaper) UAE-based Mubadala Investment Company (Mubadala) plans to create a USD 400 million fund to invest mainly in leading European technology companies, reports The National. It will be managed by the Abu Dhabi fund's venture capital arm, Mubadala Ventures, with SoftBank participating via its investment subsidiary, SIMI US Holdings. The fund will target founder-led, high growth technology companies with global scale and impact.

Tags: technology plans firm investment

Category:Telecommunications

Comcast makes USD 65 bln cash bid for 21st Century Fox

2018-06-13 23:49:00| Telecompaper Headlines

(Telecompaper) Comcast has made its official bid for most of the assets of 21st Century Fox. The company said it will give USD 35 per share in cash for the businesses. The offer, coming to a total of about USD 65 billion, represents a premium of 19 percent to Disney's all-stock offer. Comcast said the structure and other terms of its proposal, including with respect to the spin-off of "New Fox", "are at least as favourable to 21CF shareholders as the Disney offer". The company also noted that its bid was not dependent on any financing condition. 

Tags: makes cash century usd

Category:Telecommunications

Adva Optical Networking successfully tests long-haul, 100 Gbps optical transport

2018-06-13 17:17:00| Telecompaper Headlines

(Telecompaper) Adva Optical Networking announced it has achieved the world's first 100 Gbps quantum-safe optical communication transport over a long-haul network in a joint demo with leading national research and education networks (NRENs) in Europe. The demo highlights how high-speed, secure connectivity is possible over deployed operational infrastructure and will be of particular interest for companies and other institutions requiring long-term security of sensitive data given that it can safeguard the data against future quantum-enabled decryption methods, said Adva. 

Tags: transport tests successfully networking

Category:Telecommunications

Dixons Carphone confirms data breach affecting 5.9 mln customers

2018-06-13 11:28:00| Telecompaper Headlines

(Telecompaper) Retailer Dixons Carphone has revealed a major breach of data affecting 5.9 million customers. The group said that it notified the relevant authorities after discovering the breach, including the police and ICO, and that it had no evidence to date of any fraudulent use of data as a result of the incidents. CEO Alex Baldock apologised for the breach and said that added security measures have been added to systems.

Tags: data customers affecting breach

Category:Telecommunications

Belgian govt wants 5G auction to create fourth mobile operator

2018-06-13 10:55:00| Telecompaper Headlines

(Telecompaper) The Belgian Minister for Digital Agenda Alexander De Croo wants to a fourth network operator to compete on the Belgian mobile market. The minister is calling for the 4G and 5G license auction next year to make way for this. The mobile market is currently divided between Orange, Proximus and Telenet. Countries with four mobile networks have lower prices for mobile data, higher data usage and more investments, the minister said in a news report.

Tags: create mobile fourth auction

Category:Telecommunications

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